Amazon shares break $1,000; accounts for 17% market cap of the S&P 500


Amazon.com on Tuesday became the second of the current S&P 500 components to hit the $1,000 price mark, beating Google parent Alphabet to the punch and underscoring a massive rally in large-cap technology-related stocks. Shares of Amazon have risen 33 percent so far in 2017 alone, adding roughly $120 billion to its market value.

Priceline was the first S&P 500 stock to hit $1,000, doing so in September 2013. Analysts on average expect Amazon to rise another 10 percent according to the median price target of $1,100. "The world.

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